Canola seems range bound the market believes all is ok!

[tweety]

SF3 since canada is less then 2% of the veg oil market, how will weather affect prices of a crop hardly out of the ground?

[farmaholic]

Wakopa, I'm just grateful I didn't have to spend another 55 dollars an acre discounted 40% to reseed this year's canola crop. Yet....

Some terminals prices are so-so and some a bit better. Depends who needs it....kinda like wheat.

[Rareearth]

It's simple Charlie. It is a premium product, canola oil, that may be difficult to source this year. Premiums will have to be paid to secure supplies. Kind of like durum this year, or lentils. Canola oil was a premium to soy, and can be. What's the best measure to use oil compare this premium?

The trade likes to commoditize everything, it's much easier to buy and ship in massive volumes out competing small medium sized companies, reducing competition. There are likely some contracts in place for new crop canola(sales ) it depends on how many tons grower contracts are in place and if they are long or short for this new crop. If they are long the price to the grower likely moves sooner than latter(that's today's conspiracy theory) the exporters want to maximize revenues as they have the last year or two. It might be more challenging if the crop is small and they have to genuinely compete with other exporters.

[wakopa]

Wheat is great , after this year if I can get the yields gonna just grow wheat wheat wheat , now that I don't have those useless union government poeple running my farm . Screw the cwb

[farmaholic]

Suuuuuure....

[farmaholic]

I hope you farm in a dry climate, but then it will be just grasshopper and sawfly fodder....every year.

[Guest]

yea I agree , they aren't gonna shut all these crushers down , they'll pay . another big threat to canola yields is all these burnt fields . if they don't get the ground covered and no rain , look out . that black ground sure dries out fast at 30 degrees

[farmaholic]

Re old crop canola:
If you can put any legitamacy into the calculation of the COPA Board Crush margins, they are bouncing off 25 now compared to a end of June beginning of July of last year at 150 peak. How much room does Domestic Crush have to pay more for canola?

[sawfly]

sure could use a rain.
has not rained this spring

[SASKFARMER3]

Richardson is already planning a big shut down in Yorkton. Its starting to happen.